Mahindra Agrees to Purchase of Car-Designer Pininfarina

  • Deal, including credit guarantees, valued at $185 million
  • Pininfarina stock plunges on low offer for outstanding shares

Mahindra Agrees Purchase of Ferrari-Designer Pininfarina

Mahindra & Mahindra Ltd. agreed to buy Italian car designer Pininfarina SpA in a deal worth about 168 million euros ($185 million), underscoring the Indian vehicle maker’s international ambitions.

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